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Working for yourself 2 min
Paying yourself from a sole proprietorship
A personal transfer changes the cash available, not the profit calculation. Keep owner withdrawals separate from employee payroll and business costs.
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Working for yourself 2 min
My first invoice was not my first business record
Malik reconstructs the months before his first design client, separating a business launch from personal experimentation.
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Jobs & employment 2 min
The move was 40 kilometres. Was it close enough?
The distance test compares each home with the new work location, not simply the distance between your old and new homes.
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Working for yourself 2 min
Before you clear out the tax folder
The six-year rule has a starting point and exceptions. A compact retention checklist for sole proprietors, including electronic records.
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Jobs & employment 3 min
Priya checks the LIFT credit with both incomes in view
Calculate the low-income workers credit, account for a partner's income and understand why $875 is not an automatic refund.
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Saving & retirement 2 min
Retirement lowered your income. Tell Service Canada.
A retirement-related income drop may support a current-year income estimate instead of the usual prior-year basis.
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